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High Net Worth Women More Concerned About Economy Than Men

High Net Worth women are more concerned about most national economic issues than High Net Worth Men, according to new Spectrem research.

Eighty-eight percent of High Net Worth women express concerned about the prolonged economic downturn, compared with 81 percent of High Net Worth men, according to the report Investment Attitudes and Behaviors of High Net Worth Women vs. High Net Worth Men. Similarly, women are more concerned than men about inflation (77 percent vs. 68 percent), tax increases (75 percent and 71 percent) and interest rates (56 percent vs. 48 percent). High Net Worth men and women are equally concerned about the national debt (79 percent) which is at the heart of the current debt ceiling debate.

The report looks at investors in three wealth segments: Mass Affluent ($100,000 to $1 million Not Including Primary Residence), Millionaire ($1 million to $5 million NIPR), and Ultra High Net Worth ($5 million to $25 million NIPR).

High Net Worth women seemingly have their eye on the big economic picture, while High Net Worth men are more likely to find themselves drawn to the gamesmanship that has led to the government shutdown through October. Eighty-five percent of men said they are concerned about the political environment vs. 80 percent of women, and that difference extends into all three wealth segments.

Women, though, are significantly more concerned about terrorism than men, (68 percent vs. 57 percent), the largest percentage difference of any national concern.

There are topics about which men with a net worth of $5 million to $25 million express greater concern than the average male investor. Fifty-six percent of UHNW men are concerned about interest rates (48 percent is the total percentage) and 90 percent are concerned about the political environment (85 percent is the total percentage).

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Spectrem Group strategically analyzes its ongoing primary research with investors to assist financial providers and advisors in understanding the Voice of the Investor.